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which is a republican driven economy up to this point. let's put those things in context ron and then we can have a full discussion -- >> i would love to put it in context. >> professor peterson -- >> you have to talk about oil companies. you have to talk about corporate subsidies the real entitlements in this country. >> i wish we had two hours to do that. goldie taylor, the great ron christie, and dr. james peterson, thank you all. if jeb bush is the front-runner for 2016, why didn't he run in 2012? stay with us. [ male announcer ] playing in the nfl is tough. ♪ doing it with a cold, just not going to happen. ♪ vicks dayquil powerful non-drowsy 6-symptom cold & flu relief. ♪ no matter what city you're playing tomorrow. [ coughs ] [ male announcer ] you can't let a cold keep you up tonight. ♪ vicks nyquil powerful nighttime 6-symptom cold & flu relief. ♪ [ male announcer ] can a car be built around a state of mind? ♪ announcing the all-new 2013 malibu from chevrolet. ♪ with a remarkable new interior featuring the available
which is a republican driven economy up to this point. let's put those things in context ron and then we can have a full discussion -- >> i would love to put it in context. >> professor peterson -- >> you have to talk about oil companies. you have to talk about corporate subsidies the real entitlements in this country. >> i wish we had two hours to do that. goldie taylor, the great ron christie, and dr. james peterson, thank you all. if jeb bush is the front-runner for...
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that's not what we believe is the kind of activity will get our economy and jobs rolling again. >> the white house will argue they're not the ones holds out to protect the top 2%, that it's the republicans doing that. >> great point, chris, the problem is what the president is holding out for is a nonsolution. the tax increases that the president wants on the top 2% will run this government not for eight years or eight weeks or eight weeks but run this government for eight days, which means it's not a solution. the president is not interested in real policy solutions by evidenced by what he has proposed, he's interested in politics and that's the challenge that we have a getting through that and making certain that we not be talking politics, we talk about positive policy for american people, getting committee rolling and getting jobs created. >> the administration, as we've been saying, has said they're prepared to go over the cliff. we heard that from tim geithner. if republicans refuse to raise taxes on the wealthy and john boehner said yesterday that's unacceptable, though he admit
that's not what we believe is the kind of activity will get our economy and jobs rolling again. >> the white house will argue they're not the ones holds out to protect the top 2%, that it's the republicans doing that. >> great point, chris, the problem is what the president is holding out for is a nonsolution. the tax increases that the president wants on the top 2% will run this government not for eight years or eight weeks or eight weeks but run this government for eight days,...
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>> the second term for the president and the economy is even more important to both parties. >> what have you learned? >> i think the president has learned that he needs to stand tough with the republicans. >> that's it. >> and that's -- that is the lesson of his election. >> instead of backwards the way he did his first two years. >> exactly right. >> axelrod is coming on tomorrow and we've taken that mustache off. if it's way too early it's "morning joe." stick around right now though for chuck todd "the daily rundown." >>> take it to the bank. timothy geithner says the white house is ready to go over the cliff. republicans might stucmble, though, into having some leverage if they end up backing the tax rate plan now and kick the rest of the can to february. one top republican governor has some stinging sarcasm for his own party's position. in the middle east the situation in syria turns from serious to scary. concerns over chemical weapons has secretary clinton conferring with her russian counterpart today to try to avoid deadly developments. >>> an nbc news exclusive, afghanistan
>> the second term for the president and the economy is even more important to both parties. >> what have you learned? >> i think the president has learned that he needs to stand tough with the republicans. >> that's it. >> and that's -- that is the lesson of his election. >> instead of backwards the way he did his first two years. >> exactly right. >> axelrod is coming on tomorrow and we've taken that mustache off. if it's way too early it's...
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this impacts the economy and uncertainty out there that is lingering is creating havoc with our economy and our states and in my particular budget, not only don't we have growth money which we're anticipating in utah which is having a pretty healthy economy, we could take as much as a $500 million loss in revenue strings because of not getting it resolved. we're going to encourage people to come together and get it done. we're also saying that states are willing to do our part. we understand this will be a shared sacrifice as you have to look at spending cuts. states are willing to do more with less. we're asking for more flexibility. it's a common theme that we've talked about with the president, with congress. give us more flexibility. take away some of the strings and we can do more with less, help you balance your budget. >> governor walker what exactly did you say to our president and did you talk about taxes? >> well, in our case, as jack and mary both mentioned, we're not here as individual governors. we're here as part of the national governors so tp it wasn't to discuss a speci
this impacts the economy and uncertainty out there that is lingering is creating havoc with our economy and our states and in my particular budget, not only don't we have growth money which we're anticipating in utah which is having a pretty healthy economy, we could take as much as a $500 million loss in revenue strings because of not getting it resolved. we're going to encourage people to come together and get it done. we're also saying that states are willing to do our part. we understand...
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this was not something that -- may have hurt the economy and something republicans blamed for. look at the numbers. terrible. not just only as a party but particularly in congress right now. you know, this is not -- this is not a long-term winning game i don't think for republicans to hold up every agreement claiming leverage where they don't have it. i think they need to find in order to do better areas they have got more public support than they seem to have on the issues. 60% according to a new politi politico/george washington university poll believes the top should have an increase in taxes. fighting the public and appear to be ideological doesn't seem to work. certainly didn't in terms of knocking president obama off. >> one thing that also didn't work in 2011 was the president ab do kating the role to nancy pelosi and harry reid. this time around, maybe because he feels he has the mandate, he's doing the negotiations straight on with boehner which i think leads to a better result. this is an overall different approach in his leadership whether it's because he's thinking
this was not something that -- may have hurt the economy and something republicans blamed for. look at the numbers. terrible. not just only as a party but particularly in congress right now. you know, this is not -- this is not a long-term winning game i don't think for republicans to hold up every agreement claiming leverage where they don't have it. i think they need to find in order to do better areas they have got more public support than they seem to have on the issues. 60% according to a...
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if that continues into december for the economy, that's a bad sign. focus less on the employment report than consumer confidence as a factor in the fiscal cliff negotiations. >> these numbers are still too high, yes. we are going in the right direction and that is clear month after month. we have an unemployment crisis in this country. the casey foundation announced this week youth unemployment is higher than it's ever been since world war ii and these young people are out of the job market, staying out of the job market. this impacts them for life. if we were a serious country we would be having a discussion about unemployment. this should not take all the urgency away from that. >> and as ayman said, the numbers sort of -- they don't tell an accurate picture in terms of what's happening with unemployment in the country. it's the lowest in four years, but actually -- >> partly because people -- >> you want the number to be high eer because more people ar in the work force. look at where income is in this country, no means the middle class and working
if that continues into december for the economy, that's a bad sign. focus less on the employment report than consumer confidence as a factor in the fiscal cliff negotiations. >> these numbers are still too high, yes. we are going in the right direction and that is clear month after month. we have an unemployment crisis in this country. the casey foundation announced this week youth unemployment is higher than it's ever been since world war ii and these young people are out of the job...
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we cannot allow the reckless position drive this economy into another recession, a recession the republicans will own. >> a white house aid says they have kept the press's schedule open as you would expect. >>> despite these contentious fiscal cliff negotiations there's one thing democrats and republicans can agree on. as of today hillary clinton would be an unstoppable candidate if she runs for president in 2016. even former speaker newt gingrich was praising the secretary of state yesterday on "meet the press." he worries that the republican party won't stand a chance if clinton makes another run for president. >> she's a very formidable as a person and is a very confident person. she is married to the most popular democrat in the country. they both think it would be good for her to be president. that makes it virtually impossible to stop her for the nomination i think, and i thought she was frankly going to be a nominee in '08. every republican should be focused on what we're talking about. if their competitor in '16 is going to be hillary clinton and supported by bill clinton and barack
we cannot allow the reckless position drive this economy into another recession, a recession the republicans will own. >> a white house aid says they have kept the press's schedule open as you would expect. >>> despite these contentious fiscal cliff negotiations there's one thing democrats and republicans can agree on. as of today hillary clinton would be an unstoppable candidate if she runs for president in 2016. even former speaker newt gingrich was praising the secretary of...
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that way congress couldn't blow up the world economy for no good reason. it's taking the sharp knife covered in explosives away from a kid who has a lot of temper tantrums. it seems like a good thing to do. the white house calls it the mcconnell plan because it's based on an idea that mitch mcconnell proposed become in july 2011. but even though it is mitch mcconnell's idea, even though he came up with it, mitch mcconnell is not for it. mitch mcconnell at this point does not support the mcconnell plan at all. he didn't think democrats did either. and yesterday he wanted to call their bluff. now that is when c-span2 suddenly became amazing television. yesterday afternoon mitch mcconnell asked the senate to move to an immediate vote on the mcconnell plan. vote on it now. he figured harry reid would back down. prove that even democrats don't like this idea. but reid did not back down. he doubled down. he said, yeah, let's vote on the plan. but let's move to an immediate up or down vote. no filibuster, no 60-vote requirement, let's see if it gets 51. if so, it
that way congress couldn't blow up the world economy for no good reason. it's taking the sharp knife covered in explosives away from a kid who has a lot of temper tantrums. it seems like a good thing to do. the white house calls it the mcconnell plan because it's based on an idea that mitch mcconnell proposed become in july 2011. but even though it is mitch mcconnell's idea, even though he came up with it, mitch mcconnell is not for it. mitch mcconnell at this point does not support the...
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obviously globally, the economy is still soft. europe is going to be in the doldrums for quite some time, asia is not charging forward and some of the emerging markets are not charging forward as quickly as they were maybe a few years ago, but i think all of you recognized and many of you told me is that everybody's looking to america, because they understand if we're able to put forward a long-term agenda for growth and prosperity that's broad-based here in the united states, that confidence will not just increase here in the united states, it will increase globally and we can get the virtuous cycle that i think all of us have been waiting for and want to see. what's holding us back right now ironically is a lot of stuff that's going on in this town, and i know that many of you have come down here to try to see, is there a way that we can break through the log jam, and go ahead and get things done and i'm here to tell you that nobody wants to get this done more than me. i know you've gotten a lot of briefings but let me describe
obviously globally, the economy is still soft. europe is going to be in the doldrums for quite some time, asia is not charging forward and some of the emerging markets are not charging forward as quickly as they were maybe a few years ago, but i think all of you recognized and many of you told me is that everybody's looking to america, because they understand if we're able to put forward a long-term agenda for growth and prosperity that's broad-based here in the united states, that confidence...
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it's not -- it's not better ground for the economy. and, frankly, i find it difficult to see how it's better political ground even for the gop. i figured, i didn't get it. so i figured this was beyond my small political brain to understand. so i asked some of my smarter hill republican friends what the theory was here. they told me the idea is while the president can permit the economy to fall over the fiscal cliff, or curb, whatever you want to call it, he can't allow us to default on our debt. that would, like, destroy the economy. that gives republicans a stronger hand or so they think. but really, think about that. here's how it would go. later this month, republicans would, by voting present, which everyone would think was a bit weird, permit the bush tax cuts to expire for income over $250,000. that would let president obama pocket $1 trillion in tax revenue and secure a win on his key priority in the talks. but they would do nothing else. at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cut
it's not -- it's not better ground for the economy. and, frankly, i find it difficult to see how it's better political ground even for the gop. i figured, i didn't get it. so i figured this was beyond my small political brain to understand. so i asked some of my smarter hill republican friends what the theory was here. they told me the idea is while the president can permit the economy to fall over the fiscal cliff, or curb, whatever you want to call it, he can't allow us to default on our...
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>> they're being given a choice between an economy which has been fantastic for them. labor has done really badly. they're saying, the current situation is great for us. but now we have two choices, between great and even better. are and given the choice, they'll take even better. >> and you talk about liberal pieties or whatever, the hatred of unions. i think that people underestimate, don't get -- and i've encountered this in my reporting, how visceral, almost dogmatic, almost religious and ideological, how fervently that belief is and how common that is among people who make a ton of money. >> it's one of the few times that you find a vague semblance of ideology in these people. because they're very practical, most of the time.ç whatever works in terms of making money is what they'll all choose. but you're right, sometimes even when you show them the numbers and say, listen, recognizing unions, you can be more profitable overall, they don't like that. >> felix salmon, reuters finance blogger, who will be live blogging in january, you should check that out, thanks
>> they're being given a choice between an economy which has been fantastic for them. labor has done really badly. they're saying, the current situation is great for us. but now we have two choices, between great and even better. are and given the choice, they'll take even better. >> and you talk about liberal pieties or whatever, the hatred of unions. i think that people underestimate, don't get -- and i've encountered this in my reporting, how visceral, almost dogmatic, almost...
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look we hope and pray this economy is getting better, the job situation is getting better, there are millions of people on food stamps that were solidly middle class in the past and it's looking better and i hope and pray that congress reaches bipartisan compromise. don't send us over the fiscal cliff. do the right thing. be statesmen. reach a compromise. >> politico put some meal suggestions. this gives a perspective. for this food stamp budget you can get one sandwich two two slices of store brand bread. two slices of cheese. that's $1.24. another option is seven ounz frozen fried fish plank. what's your reaction was when you did this from your constituents and what purpose does it serve for somebody like you or cory booker to do this? >> i got a lot of kudos for doing it. i admire mayor booker for taking on this challenge. don't give us too many can you dose. we only did it for a week. there are a lot of false stereotypes about people living in food stamps. that's not fair. that's not my experience. these are hard-working people. they don't want to be on food stamps. they want to
look we hope and pray this economy is getting better, the job situation is getting better, there are millions of people on food stamps that were solidly middle class in the past and it's looking better and i hope and pray that congress reaches bipartisan compromise. don't send us over the fiscal cliff. do the right thing. be statesmen. reach a compromise. >> politico put some meal suggestions. this gives a perspective. for this food stamp budget you can get one sandwich two two slices of...
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i want to get to you on the economy. to the white house now, the november jobs report showed the fifth straight month of job gains, over 100,000. a jobless rate at the lowest level in four years. is it real or is it a mirage? joining me now allen krueger, chairman of the president's council of economic advisers. good morning to you. >> morning. >> obviously this was a jobs report that beat all expectations among economists that were looking and expecting a sandy impact. the labor department says no sandy impact. do you believe in the long 0 run we will look back at this report and not see a sandy impact? >> that's an interesting question, chuck. there was an impact in terms of over a million workers who normally work full time or part time in the reference week. so sandy did leave an impact in the data. but i think the report as a whole shows that the economy has been resilient, as i say every month when i'm on your show we're making progress. we're digging our way out of a deep hole. we're not satisfied yet. there's a l
i want to get to you on the economy. to the white house now, the november jobs report showed the fifth straight month of job gains, over 100,000. a jobless rate at the lowest level in four years. is it real or is it a mirage? joining me now allen krueger, chairman of the president's council of economic advisers. good morning to you. >> morning. >> obviously this was a jobs report that beat all expectations among economists that were looking and expecting a sandy impact. the labor...
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economy added some 146,000 jobs last month. that was enough it to drive the unemployment rate down to 7.7%. joining me to talk about all of it, florida congresswoman debbie wasserman schultz and she chairs the democratic national committee. good friday afternoon to you. >> thank you. >> john boehner said today that democrats' plan is to, quote, slow walk our economy to the edge of the fiscal cliff. how do you respond it to that? >> well, that's just utterly preposterous. the republicans right now in the house of representatives have a bill that would extend the middle class tax cuts right away that has passed the senate that they could take up next week when we come back. they could have already taken it up. we have a lot of time, and the republicans refuse to give certainty to the middle class. the president said he'd seen this bill right away, and then the rest of the issues we need to sort out we can hash out over the next few weeks before we reach december 31st. >> issues like entitlement reform? >> well, issues like making
economy added some 146,000 jobs last month. that was enough it to drive the unemployment rate down to 7.7%. joining me to talk about all of it, florida congresswoman debbie wasserman schultz and she chairs the democratic national committee. good friday afternoon to you. >> thank you. >> john boehner said today that democrats' plan is to, quote, slow walk our economy to the edge of the fiscal cliff. how do you respond it to that? >> well, that's just utterly preposterous. the...
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he's argued this based on economis economists. it's not nonsense, an illness. >> first of all, going back to my core argument, the idea if you're grg toç take $89 billioa year and reduce the deficit, it's laughable in its face. the president is calling for more spending with his new stimulus. number two. point number two, the democrats have shown nothing by way of spending cuts. julian talks about there's $1.6 trillion. only in washington, d.c. can you say we're winding down the war but we're going to count that as savings. baseline spending doesn't make any sense. the president of the united states -- >> if we -- >> julian, hang on one second. the president of the united states should call the congressional leadership up to camp david, go up there and they should get in a room and they should sit there until they hammer out a deal. >> i agree with that. >> julian, go ahead. >> there are three big points the viewers need to understand and they need to take note that ron did not respond to. first, on the economists. the economist
he's argued this based on economis economists. it's not nonsense, an illness. >> first of all, going back to my core argument, the idea if you're grg toç take $89 billioa year and reduce the deficit, it's laughable in its face. the president is calling for more spending with his new stimulus. number two. point number two, the democrats have shown nothing by way of spending cuts. julian talks about there's $1.6 trillion. only in washington, d.c. can you say we're winding down the war but...
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our economy is a lot better. we can still go a long way. i just don't believe that there is the makeup of a great deal, because you can't trust anything any of these folks say. this is one of the reasons why i believe, tom, that the republicans haven't detailed out exactly what deductions are we talking about, what loopholes are they talking about. they won't come clean with the american people on this. it's all in these vague generalities. now, president obama is not interested in taking negotiations further until republicans put a rate increase on the table. and this is where boehner is running into trouble. do you think they'll eventually put a rate increase on the table? >> they're either going to do that or take us into a very dangerous fiscal situation over the cliff.; @&h(lc% this is a lucy in the football situation and the president says, i'm not going to kick again until you show me some serious commitment. and keep in mind, this is the republican leadership that supported the $718 billion of savings in medicare that was part of t
our economy is a lot better. we can still go a long way. i just don't believe that there is the makeup of a great deal, because you can't trust anything any of these folks say. this is one of the reasons why i believe, tom, that the republicans haven't detailed out exactly what deductions are we talking about, what loopholes are they talking about. they won't come clean with the american people on this. it's all in these vague generalities. now, president obama is not interested in taking...
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i for one, if you didn't care about the economy and you didn't care about the american people, you bet your life you can get $800 billion or trillion dollars out of raising -- eliminating deductions and tax credits. >> but conman, he kncongressman you muster all those deductions together they only amount to about $400 billion. >> i think we could do that. i think we can do it. first of all, you have to make certain that local and state tax deductions are not there. then you take away all the charitable deductions that we have. then you take away all of the mortgage deductions for the rich and the middle income, all that you have there. and then you start looking at the deductions that you have for children, for earned income tax credits, for the poor people that are there. if you really look at everything that so many americans have taken for granted and even if you don't reach the $800 billion, at least you will find out what is this man talking about. just don't say you can't do it, it's not arithmetic. give them a piece of chalk, go to the blackboard, and show us, mr. speaker, what
i for one, if you didn't care about the economy and you didn't care about the american people, you bet your life you can get $800 billion or trillion dollars out of raising -- eliminating deductions and tax credits. >> but conman, he kncongressman you muster all those deductions together they only amount to about $400 billion. >> i think we could do that. i think we can do it. first of all, you have to make certain that local and state tax deductions are not there. then you take...
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. >> our members believe strongly that raising tax rates will hurt the economy. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue. >> in order for us to raise the amount of revenue that's needed just by closing deductions and loopholes for high earners we'd have to, for example, eliminate or severely cap the char itible deduction. >> an obsession to raise taxes not going to solve the problem. what will solve the problem is doing something about the entitlements, taking on the wasteful spending in washington. >> and meantime, "the new york times" jonathan wiseman reports behind the scene republican leaders are considering the president's plan to extend middle class tax cuts now an address the debt and spending in the new year. here's republican senator tom coburn on "morning joe." >> actually, i would rather see the rates go up than the other way and greater chance to broaden the base in the future. >> do something, a down payment on cuts, on investments and revenue this year. and then in the next year take the time to g
. >> our members believe strongly that raising tax rates will hurt the economy. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue. >> in order for us to raise the amount of revenue that's needed just by closing deductions and loopholes for high earners we'd have to, for example, eliminate or severely cap the char itible deduction. >> an obsession to raise taxes not going to solve the problem. what will solve the problem is doing...
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and when the economy stalls, when the economy sputters, when people lose their jobs, they know which party to blame. >> is this not saying oh, we don't care -- we don't care about this game is another way of saying we are coming to terms with the potential loss? >> exactly, alex. i think the republicans right now are trying -- they went through denial and remorse. and now they are beginning, at least some of them seem to be beginning to accept reality. and that reality is, yes, we had an election. most people do want a tax increase on the rich. most people do not want to see their own taxes go up. most people are in favor of extending the tax cuts for the 98%. lower 98% of americans. and republicans see the writing on the wall. the republican crackup is not yet an avalanche. it is not yet a complete capitulation. but i think that john boehner understands and the republican leadership understands it's only a matter of time. but there is not much time left. >> richard, okay, that sounds like an inherently logical position. >> right. >> that they may be cracking, that there may be a dea
and when the economy stalls, when the economy sputters, when people lose their jobs, they know which party to blame. >> is this not saying oh, we don't care -- we don't care about this game is another way of saying we are coming to terms with the potential loss? >> exactly, alex. i think the republicans right now are trying -- they went through denial and remorse. and now they are beginning, at least some of them seem to be beginning to accept reality. and that reality is, yes, we...
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is that the way to power a 21st century economy? i think that could be one of the forces that is a counterbalance to the economics so that the economics are the toughest one. >> the problem is it's so opaque, right? this is why i think the politics get so tricky. what is my utility company? as a citizen i don't know. he they send me a bill, but if you ask how many people work for it or what degree it's public and private, all is remarkably shrouded in complexity. >> it is utility regulation that's one area in our economy where your right to be heard and have public interest in is embedded into the regulatory system unlike the oil industry and gasoline provision which is a utility function. it isn't regulated in the public interest. to come back to this price discussion here, the history of oil and gas prices, the history of commodity prices in general is that they fluctuate. they go up and down, and on the base of price signals, people shut down wells when pieces are too low, supply contracts, prices go up and people boom. >> it's a
is that the way to power a 21st century economy? i think that could be one of the forces that is a counterbalance to the economics so that the economics are the toughest one. >> the problem is it's so opaque, right? this is why i think the politics get so tricky. what is my utility company? as a citizen i don't know. he they send me a bill, but if you ask how many people work for it or what degree it's public and private, all is remarkably shrouded in complexity. >> it is utility...
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children and grandchildren born in this country, have contributed -- continued contributing to this economy, and giving them the opportunity to get in the back of the line for possible citizenship down the line, that's considered amnesty, but aattack amnesty, let's talk about that and celebrate. let's remove amnesty for a bit from the discussion, because it will never be amnesty. you're not going to have a blanket one day to the next situation where 11 million people will all of a sudden get their citizenship papers in the mail. it's not that way. the options are, two, do you just ignore 11 million people that have contributed and continue contributing to this economy and to the culture of this country, or do you deal with it in a rationale way? that means the extremes on both sides of the issue need to be mitigated somehow. on the left you have people who say absolutely no way that these people can get any kind of, you know, positive future for them because they'll never join a union. on the other side, you have people who say under no circumstances should these people be granted anything
children and grandchildren born in this country, have contributed -- continued contributing to this economy, and giving them the opportunity to get in the back of the line for possible citizenship down the line, that's considered amnesty, but aattack amnesty, let's talk about that and celebrate. let's remove amnesty for a bit from the discussion, because it will never be amnesty. you're not going to have a blanket one day to the next situation where 11 million people will all of a sudden get...
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Dec 5, 2012
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. >> not only do immigrants help build our economy, they invigorate our soul. america can be a lawful society and a welcoming society at the same time. as our nation debates the proper course of action relating to immigration, i hope we do so with a benevolent spirit and keep in mind the contribution of immigrants. >> it's a very interesting reminder. jeb bush, of course, has been very outspoken but there is a different wing of the republican party. >> we george w. bush talk about taking a softer line on immigration the day after republicans in the senate refused to ratify a treaty on discrimination against disabled people. those are two different courses for the republican party and i see one thing that strikes me, you have george w. bush here, robert dole, another former presidential nominee on the floor of the state. the party is moving on. these are not the most powerful voices in the party. the speeches we heard yesterday from marco rubio and paul ryan are i think more influential when trying to look at where is the republican party going to go. >> and, in
. >> not only do immigrants help build our economy, they invigorate our soul. america can be a lawful society and a welcoming society at the same time. as our nation debates the proper course of action relating to immigration, i hope we do so with a benevolent spirit and keep in mind the contribution of immigrants. >> it's a very interesting reminder. jeb bush, of course, has been very outspoken but there is a different wing of the republican party. >> we george w. bush talk...
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Dec 6, 2012
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i do believe that this economy will continue to thrive, this economy will continue to move forward. i don't believe that we're going to go into a huge, deep recession again if these bush tax cuts expire. i do believe that you can strengthen the economy if you let everything go off the cliff and come back and put in front of the american people and do a better job for the economy. there's up side either way you go. the president has got boehner in an untenable position. he doesn't have very many avenues to a victory right now but he's got a good escape, thomas. all john boehner has to do to exit out of this quickly is to say he won the election, we didn't, the american people in every survey say this is where we're going to go, we're going to go along with the wishes of the american people and the republicans would get goodwill for doing that. they have to get out of this ideological headrow that they're stuck in and do something for the company. >> the polls give them plausible acceptability of this plan of trying to move forward and, as you say, with the will of the american people
i do believe that this economy will continue to thrive, this economy will continue to move forward. i don't believe that we're going to go into a huge, deep recession again if these bush tax cuts expire. i do believe that you can strengthen the economy if you let everything go off the cliff and come back and put in front of the american people and do a better job for the economy. there's up side either way you go. the president has got boehner in an untenable position. he doesn't have very many...
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Dec 7, 2012
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it's really about what is fiscally smart for the economy. most economists are telling us this tax increase will not have very much impact in terms of growth. if you talk about essentially raising taxes on 98% of americans either through some kind of crazy deduction plan or just letting the bush tax cuts go, that can have a very, very severe effect on the economy. >> as usual dr. peterson makes a superb point. president clinton used to say if you want to live like a republican, vote for a democrat because they will give you better economics. and the fact of the matter here is if you poll economists, they will tell you that raising the rates on this top 2% has virtually no impact but when you begin to go after the mortgage deduction, when you begin to go after chair itses, that's when you have some economic chill you bring into the economy. so isn't it strange that the republicans and conservatives have said that obama doesn't understand the impact of fax policy on the economy whereas almost all economists are saying the obama approach is far
it's really about what is fiscally smart for the economy. most economists are telling us this tax increase will not have very much impact in terms of growth. if you talk about essentially raising taxes on 98% of americans either through some kind of crazy deduction plan or just letting the bush tax cuts go, that can have a very, very severe effect on the economy. >> as usual dr. peterson makes a superb point. president clinton used to say if you want to live like a republican, vote for a...
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automatic spending decrease stuff goes into effect and economists say that can be devastating for the economy in early january. >> thank you so much, sir, do appreciate you. >> thanks. >>> closely tied over taxes is entitlement reform. a top republican said today he'll drop his plan for higher revenue unless democrats take a look at revamping medicare, medicaid, and social security. >> i'm serious about revenue. you can limit deductions to $40,000 or $50,000 a person, which takes care of the middle class. upper-middle income americans will lose their deductions, but i'll only do that if we do entitlement reform, and the president's plan is quite frankly a joke. >> as the country inches closer to the fiscal cliff, is there a way to avoid falling over it? joining me live from los angeles, democratic congresswoman maxine waters. congresswoman, always a pleasure to see you. >> hello, how are you? >> tim geithner saying today the administration would deal with social security at a later date. are democrats serious about entitlement reform? >> no, democrats are not furious, except we understand and
automatic spending decrease stuff goes into effect and economists say that can be devastating for the economy in early january. >> thank you so much, sir, do appreciate you. >> thanks. >>> closely tied over taxes is entitlement reform. a top republican said today he'll drop his plan for higher revenue unless democrats take a look at revamping medicare, medicaid, and social security. >> i'm serious about revenue. you can limit deductions to $40,000 or $50,000 a person,...
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the same rate we had when bill clinton was president and our economy created nearly 23 million new jobs. >> that's from a new video by the obama administration designed to get the public on the president's side of this tax fight. the president took to twitter today to answer questions about the fiscal cliff. one person asked whether deductions for homeowners are at risk to which the president responded, breaks for middle class important for families and economy. if top rates don't go up, danger that middle class deductions get hit. signed "bo." yesterday house speaker john boehner said this on fox news. >> listen, nobody want to go over the cliff. that's why the day after the election i tried to speed this process up by making a concession to put revenues on the table. it's unfortunate that the white house has spent three weeks doing basically nothing. you know, the president's idea of a negotiation is, roll over and do what i ask. >> and on "meet the press" yesterday grover tried to change america's mind about who to blame if we do go off the cliff. >> tea party 2 is going to dwarf tea
the same rate we had when bill clinton was president and our economy created nearly 23 million new jobs. >> that's from a new video by the obama administration designed to get the public on the president's side of this tax fight. the president took to twitter today to answer questions about the fiscal cliff. one person asked whether deductions for homeowners are at risk to which the president responded, breaks for middle class important for families and economy. if top rates don't go up,...
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that's how we grow an economy. i want us to bring down the deficits but i want to do in it a balanced, responsible way. and i want to reward -- i want a tax code that rewards businesses and manufacturers like detroit diesel right here creating jobs right here in redford, right here in michigan, right here in the united states of america. that's where we need to go. that's the country we need to build. and when it comes to bringing up manufacturing back to america, that's why i'm here today. since 1938, detroit diesel has been turns out some of the best engines in the world. over all those years, generations of redford workers have walked through these doors. not just to punch a clock. not just to pick up a paycheck. not just to build an engine. but to build a middle class life for their families. to earn a shot at the american dream. for seven and a half decades, through good times and bad, through revolutions in technology that sent a lot of good jobs, manufacturing jobs overseas, men and women like you, your pare
that's how we grow an economy. i want us to bring down the deficits but i want to do in it a balanced, responsible way. and i want to reward -- i want a tax code that rewards businesses and manufacturers like detroit diesel right here creating jobs right here in redford, right here in michigan, right here in the united states of america. that's where we need to go. that's the country we need to build. and when it comes to bringing up manufacturing back to america, that's why i'm here today....
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. >> nice little economy you have there. nice little economy you have there. it would be a shame it if anything happened to it. that's not a threat. look, we have to start looking at what happens if we do, in fact, go over the so-called cliff, and what happens is, you know, one thing is we take a huge bite out of the deficit. we do it in a crude may, and there would be immediate attempts to fix it and fine-tune it and take some back. some would probably get through. if you actually want to look at it from a policy standpoint, it may not be the worst possible option to just go over the cliff and then put back in the tax cuts and the spending increases or renewals that you'd like to put back in. so, you know, worst things could happen. >> well, listen, alan simpson and i go back to his sound from the "today" show, eugene. he said anyone talking about it in that way, there's stupidity involved. he didn't say, eugene, you better not because you're my buddy, but the reality is even our first read team says this notion or all of this media hype about going off the c
. >> nice little economy you have there. nice little economy you have there. it would be a shame it if anything happened to it. that's not a threat. look, we have to start looking at what happens if we do, in fact, go over the so-called cliff, and what happens is, you know, one thing is we take a huge bite out of the deficit. we do it in a crude may, and there would be immediate attempts to fix it and fine-tune it and take some back. some would probably get through. if you actually want...
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republicans going forward to keep this economy on track. again, he's going to make the point that the tax rates need to go up for the top 2% of americans. trying to put that pressure, again, on republicans. just a couple days -- just a day, we should say, after meeting with speaker of the house john boehner. that happened here. the first time the two of them have met one on one alone since the debt ceiling crisis of last july. about a year and a half ago. and they'd only sat at a table together just about a month ago. so there appears to be some progress. and there is a need for progress, thomas, to take place right now. if the deadlines that some of these folks have set, including speaker boehner, if they want to have legislation passed by the 21st, they're going to need to make real progress in writing up that legislation this week. >> yeah. the crunch time is really on. peter alexander, who is classing up the joint there. look at that background. peter alexander in front of the white house. >> looks pretty good. >> thank you, peter. grea
republicans going forward to keep this economy on track. again, he's going to make the point that the tax rates need to go up for the top 2% of americans. trying to put that pressure, again, on republicans. just a couple days -- just a day, we should say, after meeting with speaker of the house john boehner. that happened here. the first time the two of them have met one on one alone since the debt ceiling crisis of last july. about a year and a half ago. and they'd only sat at a table together...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> tonight, we have new evidence that secretary of state hillary clinton is running for president. polls reveal that she sent hand signed notes with supportive words and encouragement to democrats who narrowly lost their congressional races. in one note, secretary clinton wrote, we will continue needing your voice in the public square in the years to come. in the words of eleanor roosevelt, the future belongs to those who believe in the beauty of their dreams. onward! onward indeed. president obama's pick to chair the democratic party for the next four years, representative debby wasserman schultz, said this about secretary clinton today on andrea mitchell reports. >> she is an incredible leader who has a tremendous fu
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> tonight, we have new evidence that secretary of state hillary clinton is running for president. polls reveal that she sent hand signed notes...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've got nine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. nine grams protein. zero fat. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> after president obama was sworn into office in january 2009, he decided that his first tv interview, his first tv interrue he would give as p
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've got nine grams of protein. that's three times more than me! [ female announcer ]...
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Dec 4, 2012
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to get the economy going again. there is a deal to be had, though, and republicans will vote to raise taxes. and they'll even -- i would predict -- vote to raise taxes on the rich as far as marginal rates a couple of percentage points, but they're going to have to meet in the middle. >> takes two to make this happen behind closed doors. and if they're releasing their counter plan which is as comical as you say the president's was to the press -- >> i said the republican plan was comical too, didn't i? >> well, yeah, and not even directly brought to the white house. taken out into the echo chamber, which is just like throwing red meat on the table. it's ridiculous. >> so is that the fig leaf you're holding today? >> no. >> it's a stupid offer. but the fact that they put it out to the press -- i mean the white house puts national security things out to the press, leaks classified information to the press. >> come on, that's grasping. you're grasgrasping. >> read the "new york times." if this is the standard now, if yo
to get the economy going again. there is a deal to be had, though, and republicans will vote to raise taxes. and they'll even -- i would predict -- vote to raise taxes on the rich as far as marginal rates a couple of percentage points, but they're going to have to meet in the middle. >> takes two to make this happen behind closed doors. and if they're releasing their counter plan which is as comical as you say the president's was to the press -- >> i said the republican plan was...
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative people are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this loving couple. oh dear... geico. 15 minutes could save you 15% or more on car insurance. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> ed burns, having been the actor,
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative people are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this...
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now that takes aside the entire debate over whether it's a good thing for the economy. >> they have no idea. >> nobody knows for sure. >> it's a very good point. >> it's a big risk. >> and if you look at polling that says, well this would -- they would blame -- you never know if it's true. i think that is a theory in some democratic circles but to your point, andrea, i think the uncertainty creeps in why no one is saying let's let this deadline pass. >> before i let you both go, since you're two of the smartest people i know in washington, where do we stand on cabinet selections and, you know, the foreign policy team. >> we saw this joking moment, let me replay it, a news conference to push the u.n. treaty on disabilities which -- >> which is going to -- may fail. >> which is unbelievable since america has been -- >> very surprising. >> way out front since the days of bush '41 and tom harken was the big -- >> bob dole. >> and john mccain today made a plea for bob dole who is in walter reed he wants to see this great moment, a worldwide standard, it would be good for business, but as yo
now that takes aside the entire debate over whether it's a good thing for the economy. >> they have no idea. >> nobody knows for sure. >> it's a very good point. >> it's a big risk. >> and if you look at polling that says, well this would -- they would blame -- you never know if it's true. i think that is a theory in some democratic circles but to your point, andrea, i think the uncertainty creeps in why no one is saying let's let this deadline pass. >>...
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Dec 8, 2012
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and that's what the republicans said about the economy. and they want to do it again with this cliff. and they want to do it again with the debt court of appealing in january. and we can't keep surrendering to that. >> i want to talk than. thank you for the analogy, by the way. you have called on congress to remove the debt ceiling altogether, to do away with it entirely. >> yes. the debt court of appealing is entirely superfluous. what the debt ceiling says if you can't pay the bills. you certainly should have an intelligent debate over how much money you want to spend, what the tax level should be. and that either produce a balanced budget or a deficit, whatever. but the decisions that were made two and three years ago produced the necessity to raise the debt ceiling again. to say you're not going to raise the debt ceiling is to say you're going to default and that's going to collapse the economy. you can't do that. now, we have raised the debt ceiling 77 times since world war ii, seven times under the last bush administration. the norma
and that's what the republicans said about the economy. and they want to do it again with this cliff. and they want to do it again with the debt court of appealing in january. and we can't keep surrendering to that. >> i want to talk than. thank you for the analogy, by the way. you have called on congress to remove the debt ceiling altogether, to do away with it entirely. >> yes. the debt court of appealing is entirely superfluous. what the debt ceiling says if you can't pay the...